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Listed by Zev Eisenberg, Hudson Modern
Rare opportunity to buy into one of the hottest markets in the Hudson Valley today,with easy to realize,significant upside potential. A total of 6 multi-family buildings make up this 21 unit portfolio. One building is located in the stockade district,four in the newly redone midtown area,and a stately brick 4-family in the Rondout district. Most are newly renovated,and these buildings offer a current NOI of just under $80k,reflecting 5 units vacant and ready to be leased. Fully leased NOI is $188k,a 8.5% cap rate at the asking price. Pro forma is $250k+ NOI. This portfolio is being offered at a discount due to 3 tenant in arrears,and 5 units vacant. Properties: 1. 7 Wiltwyck Ave (SBL 48.318-7-9) 2. 60 Franklin St (SBL 56.93-1-3) 3. 52 Van Buren St (SBL 56.109-1-9) 4. 54 Van Buren St (SBL 56.109-1-8) 5. 357 Washington Ave (SBL 48.330-1-9) 6. 2-8 Walnut St (SBL 56.36-4-9). THIS IS A PACKAGE DEAL. Complete financials available in associated MLS docs or contact the agent.

More Info

Basic Information

  • Acreage0.68
  • List Price$2,195,000
  • MLS Number20213261
  • MlsStatusAccepted offer CTS
  • Property TypeMulti-Unit
  • Units21
  • Year Built1900

Other

  • LotMulti
  • Lot DimensionsMulti
  • Short SaleNo
  • View Count39

Location

  • Address7 Wiltwyck Avenue
  • Area TownKINGSTON, CITY
  • Building Number7
  • High School DistrictKingston Consolidated
  • StateNY
  • StreetWiltwyck
  • TownKingston
  • ZoneVarious

Building

  • Garage Capacity
  • Garage TypeNone

Amenities

  • Other AmenitiesBasement, Fireplace

Kingston, NY Demographics

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Kingston, NY Real Estate Market Data

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Kingston, NY Schools

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